Camping and Caravan Club insure new for old for vans older than 5 years. Whether you want to pay the extra on the premiums on new for old is up to you. Consider what you would want if you van was stolen - the money back that the assessors think it's worth, or a new van. It is a tough choice - one we have just had to make ourselves. In the end (having had a caravan written off because it was stolen/recovered/damaged) we have opted on new for old on our new caravan..... mainly because once you start looking at other vans the same age as the one you're replacing, they are never as nice as what you have lost and you find yourself wanting one a bit newer!!!
take care as our new for old insurance CClub came with a clause we did not manage.our engineer could not come out for the service in time and we lost the new for old policy and had to change to value type. over 5 years it must be serviced each year.
------------- the only silly question is the one you do not ask.
We are with the caravan club £460 this year new for old. Purchased in 2006 new, total cost was £13.000, C.C. Will pay out £16.800 now for a total loss.(I hope). As stated it must be serviced every year, I think there is a time limit too on how early or late it is done .
All the best,
Andy
------------- no day you learn something,is wasted
Thanks for asking this question Toothfairy, it's one that I have been pondering recently. After reading the replies I reccon I will go with new for old.
Read the small print carefully - we had to increase our sum insured to reflect the new price of the nearest equivalent van - nearly £3k more than we paid.
Quote: Originally posted by Fat Belly on 15/4/2012
Read the small print carefully - we had to increase our sum insured to reflect the new price of the nearest equivalent van - nearly £3k more than we paid.
That's a good point, as caravan prices continue to increase the annual premium does too.
One problem I did notice is that as caravans get heavier with more and more features a 'New for Old' replacement similar to my current van would be too heavy for my present car to tow! Why is life so complicated?
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Topic: Insurance - new for old or market value?
